I'm looking for a word, it means an amount of money that was put aside for a contract or an agreement that you made. (You know this amount will be spend but it not the time for the payment yet). the course is governmental and not for profit accounting and I remember the word start with letter C
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- What Would You Do? You are responsible for preparing all of the journal entries for Regional Financial Services. You have correctly prepared the following entry for financial services provided on December 15: Your boss has asked you to change the date from December 15 to January 15 so that the business’s profit, and thus taxes, would be lower. Are you allowed to do this? What is your response to your boss? How should you handle this situation?I asked this question previously but they did not answer it in full! Please tell me if the following accounts are REAL or NOMINAL1) Accounts Payable2) Service Fees Revenue3) Tax Expense4) Cash5) Accounts Receivable6) Smith, Drawings7) Interest Receivable8) Retained Earnings9) Depreciation Expense10) Interest Income11) Invemtory12) Bonds Payable13) Common Stock14) Prepaid Insurance15) Sales16) Cost of Goods Sold17) Supplies Expense18) Supplies on Hand19) Wages Payable20) Mortgage Payableplease can you answer me about the Some business expenses paid $. 1,800 where is go? more explaine about this point because i can not understanding aboyt that.
- 01. An accountant prepares a statement of financial position for a business. In this statement,the equity of the owner was shown next to the liabilities. This confused the owner, who argued: ‘My equity is my major asset and so should be shown as an asset on the statement of financial position.’ How would you explain this misunderstanding to the owner? 02. ‘The statement of financial position shows how much a business is worth.’ Do you agree with this statement? Explain the reasons for your response. 03.“When evaluating projects, we’re concerned with only the relevant incremental after-tax cash flows. Therefore, because depreciation is a non-cash expense, we should ignore its effects when evaluating projects.” Critically evaluate this statement.help me identify if this is an asset, expense, withdrawals, liability, revenues - a written promise to pay - fax machine - tan, capital - tan, withdrawals - cash collection Help me identify if this is an income or balance sheet - utilities income - withholding tax payable - unused supplies - professional fees - bad debts - accrued interestAccountants use reserve accounts for various reasons, for each of the cases below describe a specific account example that matches the scenario. a. The use of a reserve account in order to match expenses with revenues. b. The use of a reserve account in order to keep expenses out of the income statement. c. The use of a reserve account in order to revalue an asset, but delay the income recognition effect.
- 1. What is the time value of money? Why should accountants have an understanding of compound interest, annuities, and present value concepts? 2. Identify three situations in which accounting measures are based on present values. Do these present value applications involve single sums or annuities, or both single sums and annuities? Explain. 3. What is the nature of interest? Distinguish between “simple interest” and “compound interest.” 4. Jose Oliva is considering two investment options for a $1,500 gift he received for graduation. Both investments have 8% annual interest rates. One offers quarterly compounding; the other compounds on a semiannual basis. Which investment should he choose? Why?q13 In which of the following Institutions, membership is not open to the public and there is membership fee? a. Brokerages b. Insurance Companies c. Credit Union d. Investment Company q14 Finance is defined as: a. Art and finance of managing money b. Commerce and science of managing money c. Art and science of managing money d. All the options are wronga. What is the Sarbanes –Oxley Act? (SOX) b. What are the highlights of SOX c. What are the costs and benefits of SOX d. Describe how SOX would have impacted Accounting over the past 18 years e. Provide the pros and cons of SOX f. Compare and contrast the usage of SOX in the private sector vs similar requirements in the public sector. Required: Please only answer (d) to (f)
- Please answer with reason for all why the option is correct and why the other options are incorrect................ 1. Accounting provides information on A. Cost and income for managers B. Company's tax liability for a particular year c. Financial conditions of an institutions D. All of the above.............. 2. The long term assets that have no physical existence but are rights that have value is known as A.Current assets B.Fixed assets C.Intangible assets D.Investments............. 3.The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as A.Current assets B.Fixed assets c.Intangible assets D.Investmenta. What is the Sarbanes –Oxley Act? (SOX) b. What are the highlights of SOX c. What are the costs and benefits of SOX d. Describe how SOX would have impacted Accounting over the past 18 years e. Provide the pros and cons of SOX f. Compare and contrast the usage of SOX in the private sector vs similar requirements in the public sectorWhat a qualified, business income, QBR, deduction, business owners, may receive a deduction of what percent of their business income Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
